US spot Bitcoin exchange-traded funds had net inflows of $253.6 million on October 11, after a string of three trading days in which they had seen withdrawals. Farside Investors data reveals that the top two bitcoin funds in terms of net inflow were the Fidelity Wise Origin Bitcoin Fund with
Global investment products focused on crypto, managed by firms such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares, have witnessed a significant reversal after a remarkable three-week net inflow period, with $147 million exiting these funds last week. This development marks a sharp decline from nearly $2 billion in inflows
Bitcoin Spot ETFs have seen a surge in activity recently, with daily inflows reaching two-month highs due to an increasing number of investors seeking to capitalize on Bitcoin’s (BTC) price movements through regulated ETFs. Adding to the excitement is ETFSwap (ETFS), a new DeFi project that is currently making waves
As of October 1, Ethereum’s current price stands at $2,474, reflecting a 6.20% decrease over the past day. The market cap has similarly declined by 5.18%, currently sitting at $299.87 billion. Despite this price drop, the 24-hour trading volume has increased by 46.66%, reaching $25.27 billion. Ethereum’s market has undergone
After six weeks of negative withdrawals, spot Ethereum exchange-traded funds based in the US have had their strongest weekly inflows since early August. One of these funds has achieved a historic milestone: a net asset value of more than $1 billion. After six weeks of net weekly withdrawals, US-based spot
With inflows of almost $1.1 billion, the United States spot Bitcoin exchange-traded funds had their best week since July 15-19. According to Farside Investors, the best-performing day since June 4 was on September 27th, when $494.4 million was added. The spot Bitcoin ETFs raised $366 million on September 26th, the
Ethereum whale transactions have surged this week as the price of ETH shows signs of recovery. A notable whale, inactive for four months, made significant moves, cashing out 12,979 ETH valued at $34.3 million. This whale, with a profit of $58.8 million, originally acquired 21,632 ETH from ShapeShift and Poloniex
The Hong Kong Monetary Authority (HKMA) officially commenced the second phase of its central bank digital currency (CBDC) pilot on Monday, renaming the initiative to “Project e-HKD+.” This phase aims to explore the commercial feasibility of the e-HKD through innovative use cases developed by 11 selected firms across various sectors.
Prior to Thursday’s net inflow of $158.21 million, spot bitcoin exchange-traded funds in the US had a net outflow of $52 million. Among yesterday’s inflows, Ark Invest and 21Shares’ ARKB received $81.07 million, the most, according to SoSoValue statistics. Net inflows of $49.88 million were recorded by Fidelity’s FBTC, while
As we move through 2024, the crypto market is seeing significant shifts like Cardano (ADA) crashing 89% from its peak, causing investors to look for faster-growing alternatives. On the contrary, Bitcoin (BTC) has made a remarkable comeback, with a price surge pushing it back over the $60,000 mark and driving
